CN Reports a Record 2025-26 Crop Year

CN (NYSE: CNI) reported a record 2025–26 crop year, moving more than 33.8 million metric tonnes (MMT) of grain from Western Canada, beating the prior 2024–25 record of 31.2 MMT.

Rhea-AI Summary

CN (NYSE: CNI) reported a record 2025–26 crop year, moving more than 33.8 million metric tonnes (MMT) of grain from Western Canada, beating the prior 2024–25 record of 31.2 MMT.

July grain shipments reached 2.62 MMT, above the previous July record of 2.43 MMT, and CN released its new 2026–27 Grain Plan to prepare its network and resources for the upcoming harvest.

Positive

• Record grain movement 33.8 MMT in 2025–26 vs 31.2 MMT in 2024–25
• Record July shipments 2.62 MMT vs prior July record of 2.43 MMT
• Publication of 2026–27 Grain Plan signals operational preparation for next harvest

Negative

• None.

Argus Aug 11 session

+0.92% close to close Open Argus

Details

News Market Reaction – CNI

On Aug 11, the day this news came out, CNI closed 0.92% above the previous close.

Data tracked by StockTitan Argus for the Aug 11 session.

Key Figures

Crop-year grain movement: more than 33.8 MMT Previous crop-year record: 31.2 MMT July grain movement: 2.62 MMT +1 more

Crop-year grain movement

more than 33.8 MMT

2025–26 crop year; Western Canada

Previous crop-year record

31.2 MMT

2024–25 crop year

July grain movement

2.62 MMT

July 2026

Previous July record

2.43 MMT

July 2020

Historical Context

5 past events · Latest: Jul 31

5 events

1. Jul 31

   Grain plan

   24h Move

   +0.1%

   CN released its 2026–2027 plan after reporting ten months of record grain movement.

2. Jul 30

   Customer projects

   24h Move

   -2.1%

   CN supported more than 300 customer development projects across its North American network.

3. Jul 24

   Dividend declaration

   24h Move

   -0.8%

   The board declared a third-quarter 2026 dividend of C$0.9150 per share.

4. Jul 24

   Q2 earnings

   24h Move

   -0.8%

   CN reported higher revenues, earnings and free cash flow and raised 2026 guidance.

5. Jul 23

   Earnings scheduling

   24h Move

   -0.8%

   CN scheduled release of its second-quarter 2026 financial and operating results.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MONTREAL, Aug. 11, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that it closed the 2025–26 crop year with a record movement of more than 33.8 million metric tonnes (MMT) of grain from Western Canada, exceeding the previous record of 31.2 MMT set in the 2024-25 crop year. The record-setting year was capped by a strong finish in July, when CN moved 2.62 MMT of grain, surpassing the previous July record of 2.43 MMT set in 2020.

This record performance was driven by strong customer demand, close collaboration across the grain supply chain and the consistent execution of CN’s operating plan, unlocking incremental capacity and value.

As CN closes out this record 2025–26 crop year and looks ahead to the next harvest, the Company remains focused on delivering safe, consistent and reliable service for producers, grain companies and supply chain partners. CN’s new 2026–27 Grain Plan is now available and outlines how the company is preparing its network, resources and operations to support the grain supply chain in the harvest ahead.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:

Media	Investment Community
Ashley Michnowski	Jamie Lockwood
Senior Manager	Vice-President
Media Relations	Investor Relations and Special Projects
(438) 596-4329	(514) 399-0052
media@cn.ca	investor.relations@cn.ca

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much grain did CN (CNI) move in the 2025–26 crop year?

CN moved a record 33.8 million metric tonnes of Western Canadian grain in the 2025–26 crop year. According to CN, this surpassed the previous 2024–25 record of 31.2 MMT and reflects strong customer demand, supply chain collaboration and execution of its operating plan.

What new grain shipping records did CN (CNI) set in July 2026?

In July 2026, CN shipped 2.62 million metric tonnes of grain, setting a new July record. According to CN, this exceeded the previous July record of 2.43 MMT set in 2020 and capped the company’s record 2025–26 Western Canada grain movement.

How does CN’s 2025–26 grain performance compare with the 2024–25 crop year?

CN’s 2025–26 Western Canada grain movement of 33.8 MMT exceeded the 31.2 MMT moved in 2024–25. According to CN, this year-over-year increase represents a new all-time record for the railway’s grain transportation performance from Western Canada.

What is included in CN’s 2026–27 Grain Plan and why is it important for CNI investors?

CN’s 2026–27 Grain Plan outlines how the company is preparing its network, resources and operations for the next harvest. According to CN, the plan supports safe, consistent and reliable service for producers, grain companies and supply chain partners across the grain supply chain.

What factors drove CN’s record Western Canada grain volumes in 2025–26?

CN attributes its record 2025–26 grain volumes to strong customer demand, close collaboration across the grain supply chain and consistent execution of its operating plan. According to CN, these factors helped unlock incremental capacity and value across its Western Canada grain operations.

How does CN’s rail network support its grain transportation results for CNI shareholders?

CN operates a nearly 20,000-mile rail network connecting Canada’s Eastern and Western coasts with the U.S. Midwest and Gulf Coast. According to CN, this network transports over 300 million tons of goods annually, underpinning its role in grain movement and broader North American trade.